This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting cardiovascular and neurological disorders. Its structure is often incorporated into compounds designed to act as enzyme inhibitors or receptor modulators, making it valuable in drug discovery. Additionally, it has been explored for its potential use in creating agrochemicals, such as herbicides or pesticides, due to its ability to interact with specific biological pathways in plants. Researchers also investigate its role in developing novel materials for organic electronics, leveraging its unique chemical properties.